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SRS “Less Bad”

By Chart School
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SRS "Less Bad"

Courtesy of Tim Knight at Slope of Hope

Something interesting I’ve noticed about the widow-maker, SRS, is that it is, in spite of its nature, exhibiting a very unusual phenomenon among ultra-bearish ETFs: that is, it isn’t withering away to lifetime lows. If you look around at just about any other ultra-bearish ETF, it is at levels never before seen. In some cases, scientific instruments are required to measure just how low the price is. But SRS, in this uber-uber-uber-bullish environment, is getting beat up "less bad":

0824-srs

Could this be a "green shoot" for the bears? Could be.

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